How to find and connect with multi family property owners
There are a number of resources that you can utilize to find multi family property owners.
Many of the free search platforms depend on the property location. For example, some municipalities provide robust property and ownership information online for anyone to access. Other municipalities require people to submit formal requests for information, or to visit the local clerk’s office to pull the records themselves. Another option is paid platforms like Reonomy or ProspectNow, which allow you to search and find multi family property owners across the U.S. and access their contact information.
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Let’s take a look at how you can locate multi family property owners using public records, Reonomy, and a few other sources, like local chambers of commerce and brokerage firms.
Public records multi family property owner search
Many people start a multi family property owner search by scouring the local public records because there is no fee to access them. Additionally, before the days of proptech, they were actually the most reliable option. If you have enough information about an owner, finding them through public records shouldn’t be a huge hassle.
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Deeds and property assessment cards are generally the two public records documents that can help you identify the ownership behind a multi family property.
Registry of deeds
A deed is the legal document used to convey the ownership rights to a property. It usually contains the name of the seller (the Grantor) and the buyer (the Grantee). The deed will also specify the exact location of the property, the sales price, and the date the property was sold. Deeds are considered public records and are usually recorded at the Registry of Deeds, or in some places, with the County Clerk.
For example, if you want to find out who owns a multi family property in Boston, Massachusetts, you can visit masslandrecords.com and then select Suffolk County. From there, you can search for deeds based on owner’s or business name, address, document type (in this case, deed), or by date the document was recorded.
Tax assessor
Depending on the location, property taxes are collected at either municipal or county level. The taxing authority generally posts property tax records online where they can be freely accessed by the general public. These records can be easily retrieved by property address. Once you locate the property, the assessor’s database will usually indicate the name of the owner. In the example below, the assessor’s card indicates that 399 Congress LLC is the owner of record for the property at 399 Congress St. in Boston.
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In order to find out the true owner of this multi family property, you’d then need to take your search one step further. To find out the individuals behind the owning LLC, you can search the state’s business entity database.
Alternatively, you can use a tool like Reonomy to see LLC owners and their contact information (more on that later).
Building department records
Another way to find multi family property owner information is to search the local building department’s records. For instance, if a commercial solar panel installer is interested in drumming up business amongst the owners of new multi family properties with at least 50 units, they can search the building department records to see what permits have been issued recently. If there are any new permits for buildings that meet that criteria, then the contractor can reach out to the owners listed on the approved building permits.
Local chambers of commerce
You could also possibly identify multi family property owners by reaching out to the local Chamber of Commerce near the subject property. Many commercial real estate owners are involved in their chambers, and the chamber may be able to help you connect with a specific multi family property owner.
Source: https://t-tees.com
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